Little Giant Is Building a Manufacturing Plant That Will Require

Little Giant is building a manufacturing plant that will require a cash outlay of $300,000 for the initial purchase of a building, $450,000 for remodeling the first year, and $710,00 for new equipment in the second year.If the firm's cost of capital is 12 percent, what is the present value of the net investment at time 0?

A) $1,460,000
B) $1,132,070
C) $1,267,720
D) $300,000